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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18

₹ crore	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q4 FY18
Revenue from operations	204	215	169	165	143	198	163	160	148	208	161	160	144	200	177	173	216	184	168	86.7	182	148	130	42.7	127	122	123	121	0	0
Other income	1	1.3	0.5	0.5	0.6	1.3	0.5	0.5	0.5	0.6	1.6	0.7	1.1	1	0.6	1.6	0.7	1	0.6	0.7	0.6	0.5	0.5	0.3	2.3	1.1	0.7	1.1	0	0
Total expenses	193	206	165	162	144	196	162	160	151	203	167	160	147	193	174	167	197	171	158	96.9	169	139	127	61.3	129	122	122	121	0	0
EBITDA	16.6	15	10.3	9.3	5	8.6	7.5	7.5	4.4	11.7	−0.4	5.3	2.9	13.2	9.7	11.9	25.9	19	15.2	−4.4	18.9	15.2	10.1	−11.8	4.7	8.5	6.9	6	0	0
EBITDA margin	8.1%	7.0%	6.1%	5.6%	3.5%	4.3%	4.6%	4.7%	3.0%	5.6%	-0.2%	3.3%	2.0%	6.6%	5.5%	6.9%	12.0%	10.3%	9.1%	-5.1%	10.4%	10.3%	7.7%	-27.6%	3.7%	7.0%	5.6%	4.9%	–	–
Finance costs	0.7	0.7	0.9	1	1	1.1	1.1	1.4	1.3	0.6	0.4	0.4	0.5	0.6	0.6	0.5	1.2	0.7	1.1	1.2	1.1	1.2	1.5	1.7	1.5	2.6	1.9	2.1	0	0
Depreciation	5.5	6.1	5.4	5.4	5.4	5.5	5.6	5.7	5.7	5.5	5.5	5	5.4	5.3	5.7	5.3	5.5	5.7	4.7	4.7	5.3	5.1	5.1	5	5.2	6.3	4.6	4.5	0	0
Profit before tax	11.4	8.2	4.5	3.4	−0.8	3.3	1.3	0.9	−2	6.2	−4.7	0.6	−1.8	8.2	4.1	7.7	19.9	13.5	10.1	−9.5	13	9.4	3.9	−15.6	0.3	0.8	1.1	0.5	0	0
Tax	2.8	2.1	1.3	0.7	−0.2	0.8	0.4	−0.2	−0.1	1.6	−1.2	0.2	−0.4	2.1	1	1.9	3.7	1.9	1.8	−4.5	5	2.3	1	−4.5	−5.1	0.4	0.4	0.2	0	0
Net profit	8.3	6.2	3.4	3.2	−0.4	2.7	1	1	−1.9	4.9	−3.4	0.7	−1.3	6.3	3.1	6	16.5	12.1	8.7	−5.1	8.3	7.5	3.3	−11.4	5.1	0.4	1.1	0.5	0	0
Net margin	4.1%	2.9%	2.0%	1.9%	-0.3%	1.4%	0.6%	0.6%	-1.3%	2.4%	-2.1%	0.4%	-0.9%	3.2%	1.8%	3.5%	7.7%	6.6%	5.2%	-5.9%	4.6%	5.1%	2.5%	-26.7%	4.0%	0.4%	0.9%	0.4%	–	–
EPS (₹)	5.66	4.24	2.31	2.17	-0.26	1.88	0.66	0.67	-1.28	3.38	-2.32	0.48	-0.90	4.39	2.18	4.16	11.48	8.41	6.04	-3.57	5.77	5.26	2.32	-7.99	4.00	0.27	0.49	0.35	0.00	0.00
Net profit YoY	+2319.6%	+126.6%	+249.1%	+229.5%	+79.9%	−44.2%	+128.9%	+39.9%	−42.3%	−22.5%	−207.0%	−88.5%	–	−61.6%	−74.0%	−30.9%	+100.1%	+60.8%	+161.1%	+55.2%	+61.1%	+1611.4%	+216.2%	−2384.0%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	691	667	674	705	654	502	492	571	659
Other income	3	5.9	2.7	5.4	3	1.9	5.2	1.9	2.4
Total expenses	678	669	677	681	623	496	495	559	635
EBITDA	39.5	24.9	20.9	47.2	55.7	32.4	26.1	37	47
EBITDA margin	5.7%	3.7%	3.1%	6.7%	8.5%	6.5%	5.3%	6.5%	7.1%
Finance costs	3.6	4.8	1.9	2.4	4.1	5.7	8.1	8.7	7.3
Depreciation	22.3	22.5	21.4	21.1	20.6	20.6	20.6	16.5	15
Profit before tax	15.3	3.5	0.3	29.1	34	10.8	2.6	13.7	47.3
Tax	3.9	0.9	0.2	7.4	3	3.8	−4.2	4.8	7.3
Net profit	12.4	2.8	0.9	22.5	32.2	7.7	7.1	9.3	40
Net margin	1.8%	0.4%	0.1%	3.2%	4.9%	1.5%	1.4%	1.6%	6.1%
EPS (₹)	8.46	1.94	0.63	15.56	22.36	5.36	4.99	6.52	28.73
Net profit YoY	+337.2%	+210.9%	−95.9%	−30.1%	+319.1%	+7.9%	−23.4%	−76.8%	–

EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore

₹ crore	FY26	FY25	FY24	FY23	FY22
Operating cash flow	47.7	33.4	39.7	34.4	56.2
Investing cash flow	−51.9	−7.6	−63	−21	−24.8
Financing cash flow	−19.8	−4.7	33.4	−13.4	−29
Capital expenditure	5.5	6.5	64.2	60.3	28
Free cash flow (CFO − capex)	42.2	27	−24.5	−25.9	28.2

Net profit trend

annual, ₹ crore

FY21

₹7.7

FY22

₹32.2+319%

FY23

₹22.5−30%

FY24

₹0.9−96%

FY25

₹2.8+211%

FY26

₹12.4+337%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF XBRL
Q4 FY26	Consolidated · audited	19 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	19 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	27 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	27 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	11 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	5 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	5 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2610.19 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 184.9×28.4×

P/B5Y avg 1.81×1.82×

ROEFY26, on average equity3.9%

Net margin1.8%

Debt / equity0.09×

Revenue CAGR (3Y)-0.6%

Profit CAGR (3Y)-17.9%

EPS (TTM)₹14.36

Market cap₹600 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.82×

vs 8-point avg 1.81× (+1%)

1.06× low1.81× avg2.99× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹524 Cr−1%

Net worth₹329 Cr+4%

Total borrowings₹30 Cr−33%

Cash & bank balances₹10 Cr−70%

Investments₹32 Cr+142%

Inventories₹65 Cr+6%

Trade receivables₹113 Cr−14%

Trade payables₹106 Cr−5%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	65.92	65.92	65.56	65.61	65.42	65.34	65.11	64.88	64.88	64.90	64.96	65.19
FII	0.21	0.18	0.18	0.18	0.22	0.26	0.31	0.23	0.17	0.06	0.10	0.06
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.05
Retail	24.86	24.69	25.23	25.28	25.21	25.84	26.47	26.46	26.20	26.37	25.12	25.72
Other public	8.99	9.19	9.01	8.91	9.13	8.54	8.09	8.41	8.73	8.65	9.80	8.98

14,822 shareholders · NSE shareholding pattern filings.